What is the term for a type of fringe benefit received over and above one's salary?
A)perquisite
B)cash compensation
C)bonus based on net income
D)EVA

Question

Quizplus · Accepted Answer

A perquisite, also known as a perk or fringe benefit, is a benefit received by an employee in addition to their salary. This may include things like health insurance, company car, stock options, or other non-cash benefits. B) Cash compensation refers to the actual money paid to an employee as part of their salary. C) Bonus based on net income is a specific type of bonus that is based on the company's net income or profits. D) EVA (Economic Value Added) is a financial metric used to assess a company's financial performance. None of these options fully capture the concept of a perquisite as a type of fringe benefit received in addition to salary.

What Is the Term for a Type of Fringe Benefit